How much does auto insurance cost in Torrance?
The average cost of car insurance in Torrance, California, is $1,964 each year. That's greater than than the average across California ($1,868) and pricier than the national average of $1,548. Read on to learn more about how much you can expect to pay based on your credit score, gender, marital status, and other common factors in Torrance.
CAR INSURANCE: TORRANCE RATES VS. STATE + NATIONAL AVERAGES
|Torrance Average (annual)||California Average||National Average|
Compare rates side-by-side:
Torrance car insurance rates by insurer
The best way to save on auto insurance is to compare rates from as many companies as possible, selecting the provider from which you receive the most affordable quote. In Torrance, GEICO offers the cheapest premiums for the typical insurance buyer. See below the best companies for cheap auto insurance in Torrance — but don't forget to get personalized car insurance quotes to match your driving profile.
TORRANCE CAR INSURANCE RATES BY COMPANY
|Insurance Company||Average Annual Rate|
Torrance car insurance costs by age
Torrance drivers in their age_60s enjoy relatively affordable auto insurance rates, paying just $1,753per year, on average. Those in their age_50s don't pay much more ($1,756).
Young drivers aged 16 to 19 pay the most for car insurance in Torrance. One of the easiest ways to lower your car insurance rates as a driver in Torrance is to age out of your teenage years. The cost differential between the auto insurance rates paid by teenage drivers and drivers in their 20s in Torrance is $4,354, the largest such difference between any two age groups.
TORRANCE CAR INSURANCE PREMIUMS BY DRIVER AGE
|Age group||Average Annual Rate|
Torrance car insurance premiums by gender and marital status
In some cases, a driver's gender and marital status may influence the car insurance rates they pay. Married drivers in Torrance pay $81 less than single drivers for car insurance. Married drivers pay less for car insurance than do single drivers in many locations. Rates for those who are widowed are also much cheaper than rates for those who are single. Interestingly enough, in Torrance, single drivers pay more than those who are widowed.
Gender is another factor that can affect auto insurance rates. In Torrance, female drivers pay more for auto insurance than do male drivers: $3 per year, to be precise.
TORRANCE AUTO INSURANCE RATES: BY MARITAL STATUS AND GENDER
|Marital Status/Gender||Average Annual Rate|
Torrance car insurance costs by accident and citation history
Maintaining a clean driving record is an effective way to minimize your auto insurance costs. Speeding citations, reckless driving charges, DUIs and DWIs, and at-fault accidents all tend to bring about rate increases.
Two of the most costly citations to receive are DUI and reckless driving. Torrance drivers found guilty of reckless driving face insurance rate increases of $3,301 per year, compared to the citywide average. A DUI violation may lead to a $3,198 increase, while a citation for speeding leads to a $782 rate hike.
TORRANCE CAR INSURANCE RATES AFTER A COLLISION OR CITATION
|Incident||Average Annual Rate|
|At-fault Accident (damages less than $1,000)||$1,960|
|At-fault Accident (damages greater than $2,000)||$3,441|
|Speeding Ticket (16-20 mph over speed limit)||$2,746|
Torrance auto insurance premiums by credit tier
A driver's credit level can be closely correlated with their auto insurance rates. In fact, Torrance drivers who build their credit score from the "Very Poor" tier (300-579) to the "Exceptional" tier (800-850) earn a 0% decrease in car insurance rates. If you move from the "Very Poor" credit tier to the "Fair" credit tier, you could be in line for an auto insurance price adjustment. In Torrance, moving into the "Fair" credit tier corresponds to an average of $0 in savings on insurance each year.
TORRANCE CAR INSURANCE RATES BY CREDIT SCORE
|Credit Score||Average Rate (annual)|